economics finins interview test programmes

8/2/2019 Economics FinIns Interview Test Programmes

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HOW TO PREPARE FOR THE INTERVIEW and the TEST

Two-Year Masters Courses

Economics

Finance and Insurance

AY 2010-2011

The interview verifies the adequacy of the applicants background. TheEvaluation Committee will focus the interview on those topics that contributed through a low mark to reduce the GPA in the three-year degree below 99/110(or 9/10 of the highest mark). It investigates the ability to master fundamentalconcepts and instruments. The exam covers in greater detail each topic.Both the interview and the exam may include a written part.The program for the interviews and exams for each subject is outlined below.

Microeconomics

Markets and prices: supply and demand. Consumer behavior. Individual andmarket demand. Choice under uncertainty. Production. The cost of production.Profit maximization and competitive supply. analysis of competitive markets.Market power: Monopoly and monopsony. Pricing with market Power.monopolistic competition and oligopoly. Markets for factor inputs. Investment,

time and capital markets. General equilibrium and economic efficiency. Marketswith asymmetric information. Externalities and public goods.

Suggested Textbook: Robert. S. Pindyck Daniel L. Rubinfeld, Microeconomics,Chapters: 1-12; 14-18

Macroeconomics

The goods market. The financial market. Goods and financial markets: the IS-LMmodel. The labor market. The AS-AD model. The Phillips curve. Inflation, activityand money growth. Expectations. Financial markets and expectations.

Expectations: consumption and investment. Expectations: output and policy.Openness in goods and financial markets. Output, the interest rate and theexchange rate. Exchange rates: adjustments, crises and regimes. Pathologies:high unemployment, high inflation, transition in Eastern Europe and the Asiancrisis. Policy making: monetary and fiscal policies.

Suggested Textbook: Blanchard, O. Macroeconomics. (all the chapters apartfrom section three (X-XII))

MathematicsElements of logic and set theory. Hints on connectives and quantifiers,implications. Sets, subsets, operations on sets, Cartesian product, numericalsets. Real line, intervals, neighbourhoods.


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Functions of one variable. Definition of domain, codomain, image, graph of afunction. Elementary functions. Injective, surjective, inverse, compositefunctions. Bounded, monotone, convex functions. Optimum of a function.Economic and Financial Applications.Limits and continuity. Definition of limit. Calculation of limits and fundamental

theorems. Elementary limits and indeterminate forms. Continuous functions andrelated theorems. Economic and Financial Applications.Differential calculus and applications. Concept of derivative and its geometricmeaning, higher order derivatives, rules of derivation. Derivation of elementaryfunctions, of the inverse function and chain rule. Differential calculus theorems.Monotony and convexity tests. Optimum problems. Study of a function.Economics and Business Applications.

Hints on linear algebra and integral calculus. Vectors, matrices and operations.Economic and Financial Applications. Definition of primitive and definite integral.

Functions of two variables. Definition and domain. Extension of the concepts ofcontinuity and derivability. Partial derivatives and gradient. Unconstrainedoptimum problems.

Textbook: A. Chiang, Fundamental Methods of Mathematical Economics,McGraw-Hill

Interview: definitions, theorems (statements)

Exam: definitions, theorems (statements), applications/examples

Students of the Torino Faculty of Economics may refer to the following textbook

L. PECCATI, S. SALSA, A.M. SQUELLATI, Matematica per l'Economia e l'Azienda,EGEA, Milano, 2004.

ProbabilityElements of combinatory calculus.Different foundations of probability calculus and properties.Conditioned probabilities, total probabilities, Bayes theorem.

Definition of random variable. Law of probability, cumulative density function,expected value and higher moments.

Discrete random variables.Continuous random variables, density function.

Monotonic transformation of a random variable. Hints on random vectors, jointand marginal cumulative density functions. Independent random variables. Sumof independent random variables. Variance and covariance of a linearcombination of random variables. Moment generating function.

Interview: definitions, theorems (statements)

Exam: definitions, theorems (statements), applications and examples


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Suggested Textbook: Sheldon M. Ross, Introduction to Probability Models.

Statistics:Data Analysis: frequency distributions, graphical representations, descriptive

indicesElementary probability calculus: probability measures, conditional probabilities,main propertiesRandom variables: continuous and discrete random variables, double randomvariables, fundamental random variables and central limit theorem.Introduction to statistical inference: sampling and sampling distribution, pointestimate, confidence intervals and hypothesis testing.Hints on regression model.

Suggested Textbook: T.H. Wonnacott, R.J. Wonnacott, Introductory Statistics,John Wiley & SonsOr, for students of the Torino School of Economics:

Students of the Torino Faculty of Economics may refer to the following textbook:

A.C. MONTI , Introduzione alla Statistica, Seconda Edizione, Edizioni Scientifiche Italiane,

Napoli, 2008.

Investments /Capital Markets The Investment Environment: Markets and Instruments, How Securities areTraded, Investment Companies, Interest Rates and Risk Premiums

Portfolio Theory: the Mean Variance Model

CAPM

Suggested Textbook: Z. Bodie, A. Kane, A.J. Marcus, Investments, McGraw-Hill

Accounting

The firm, its environment and characteristics

The balance sheet

Functions and functional areas: planning, marketing, production and logistics,research and development, finance, organization and human resources,accounting and cost management.

VAT and financial accounting.

Accounting data.

Closing and reopening of accounts in financial accounting: accounting data

schemes.


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Suggested Textbook: P. Kimmel, J. Weygandt, D. Kieso, Financial Accounting:Tools for Business Decision Making, John Wiley & Sons

Students of the Torino School of Economics may refer to the following textbook

AA.VV., Lezioni di Economia Aziendale, G.Giappichelli Ed.- Torino, 1996,

Section 1 and 2

G.Ferrero, F.Dezzani, P.Pisoni, L.Puddu, Contabilit e bilancio desercizio, Giuffr,Milano, 2004

Section 1: only points 4 and 5.

Section 2: Subsection 6, excluding 6.3, 6.4, 6,8, 6.10, 6.11,6.18, 6.22,6.23, 6.24, 6.25, 6.26.2, 6.28, 6.29, 6.30.

Section Three.
http://www.deastore.com/search/english_books/0/publisher/John%20Wiley%20&%20Sonshttp://www.deastore.com/search/english_books/0/publisher/John%20Wiley%20&%20Sons

economics finins interview test programmes

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